Equinor Reveals New Discoveries in the North Sea

Equinor ASA (NYSE:EQNR) is included among the 12 Best Large Cap Energy Stocks to Buy Now.

Equinor Reveals New Discoveries in the North Sea

Equinor ASA (NYSE:EQNR) is an international energy company headquartered in Norway, with over 25,000 employees in around 20 countries worldwide.

Equinor ASA (NYSE:EQNR) revealed on March 10 that it had discovered oil in ‌the Troll area and gas and condensate in the Sleipner area in the North Sea. The find at Troll’s Byrding C prospect contains ​between 4 million and 8 million ​barrels of oil equivalent (boe), while the discovery in the well northwest of ​the Sleipner ​Vest field is estimated to contain 5M-9M ​boe.

Moreover, both these discoveries are considered commercial and were made in areas with well-developed infrastructure for export to Europe. Equinor owns 75% of the permit in the Byrding C prospect and 58.3% in the Sleipner field, while also being the operator in both.

The discoveries come as Equinor ASA (NYSE:EQNR) is targeting to grow its production by 3% in 2026, after already hitting a record high production level. Meanwhile, the company’s CapEx guidance stands at $13 billion for 2026 and $9 billion for 2027.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading into 2026 and 13 Undervalued Dividend Aristocrats to Buy Now.

Disclosure: None. Follow Insider Monkey on Google News.